Vestis Corp (NYSE: VSTS) is -22.80% lower on its value in year-to-date trading and has touched a low of $8.92 and a high of $22.37 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VSTS stock was last observed hovering at around $16.08 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $16.32, the stock is 11.54% and 11.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.17 million and changing 1.49% at the moment leaves the stock 10.45% off its SMA200. VSTS registered -10.87% loss for a year compared to 6-month gain of 31.19%. The firm has a 50-day simple moving average (SMA 50) of $14.6766 and a 200-day simple moving average (SMA200) of $14.7917.
The stock witnessed a 20.71% loss in the last 1 month and extending the period to 3 months gives it a 16.74%, and is 1.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 3.81% over the month.
Vestis Corp (VSTS) has around 19600 employees, a market worth around $2.13B and $2.81B in sales. Current P/E ratio is 102.58 and Fwd P/E is 19.60. Profit margin for the company is 0.75%. Distance from 52-week low is 82.96% and -27.05% from its 52-week high. The company has generated returns on investments over the last 12 months (0.94%).
with sales reaching $688.89M over the same period.The EPS is expected to grow by 5.24% this year, but quarterly earnings will post 0.82% year-over-year. Quarterly sales are estimated to shrink -4.04% in year-over-year returns.
Vestis Corp (VSTS) Top Institutional Holders
392.0 institutions hold shares in Vestis Corp (VSTS), with institutional investors hold 96.42% of the company’s shares. The shares outstanding are 131.48M, and float is at 130.59M with Short Float at 3.56%. Institutions hold 95.83% of the Float.
Vestis Corp (VSTS) Insider Activity
The most recent transaction is an insider purchase by Pertz Douglas A, the company’s Director. SEC filings show that Pertz Douglas A bought 54,468 shares of the company’s common stock on May 24 ’24 at a price of $11.99 per share for a total of $0.65 million. Following the purchase, the insider now owns 0.2 million shares.
Vestis Corp disclosed in a document filed with the SEC on May 28 ’24 that Pertz Douglas A (Director) bought a total of 22,442 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $11.62 per share for $0.26 million. Following the transaction, the insider now directly holds 0.22 million shares of the VSTS stock.
Still, SEC filings show that on May 24 ’24, Shih Grant (EVP and CTO) acquired 800 shares at an average price of $12.00 for $9600.0. The insider now directly holds 6,187 shares of Vestis Corp (VSTS).
